I have about 100k in a taxable E-trade account. I'd like to trade stocks often (even daily) without triggering a taxable event on each sale that I profit on. Is there any way to do this other than slowly establishing an IRA by transferring the yearly allowed limit (I think it's 7-8k this year?). There is no way I can set up an account to day trade without incurring capital gains on each profit, is there?
The fear of capital gains tax on each sale I find is really restricting my flexibility when it comes to trading, so I'm looking for a solution.
Thanks,